Brazil Iron Announces 1.7 Billion Tonne NI 43-101 Resource, Strengthening Foundation for 5 Mtpa HBI Project

The volume is more than 24% higher than the 1.37 billion previously verified.
Base for more than 20 years of mine life, allowing the production of 5 Mtpa of green iron – HBI.
High quality product for direct reduction, suitable for low carbon HBI production.
Strategic location in Bahia with access to railways, ports and ample supply of renewable electricity.

Brazil Iron is pleased to report a significant increase in its NI 43-101 compliant Mineral Resource Estimate for its flagship iron ore project, located across the Piatã, Abaíra, and Jussiape Municipalities in Bahia State, Brazil. The total Mineral Resource now stands at 1.7 billion tonnes, up from 1.37 billion tonnes, further reinforcing the company’s plans to develop a fully integrated 5 million tonnes per annum (Mtpa) Hot Briquetted Iron (HBI) operation.

“This latest Mineral Resource update marks a significant milestone for Brazil Iron. The scale and consistency of the deposit continue to impress, providing a solid foundation for one of the world’s most advanced and largest integrated green HBI projects. With 1.7 billion tonnes of iron ore that is suitable for beneficiation into a direct reduction quality pellet feed at 67.5% Fe, we’re well positioned to support over 20 years of premium, low-carbon HBI production and contribute meaningfully to the decarbonisation of the steel industry.”
— Toby Bodman, Head of Geology, Brazil Iron

Brazil Iron’s project is located within Brazil’s renewable energy corridor, designed to supply the rising demand from European steelmakers for low-carbon iron inputs. The company is uniquely positioned to deliver ESG-aligned, scalable metallics that meet the Oxford Institute for Energy Studies benchmark for bankable decarbonisation.

Independent analysis by the Royal School of Mines at Imperial College London confirms that Brazil Iron is the only green HBI project globally to meet all four Archetype Project criteria outlined by the Oxford Institute for Energy Studies, (i.e. full resource ownership, integrated infrastructure, renewable hydrogen, and world-scale capacity). This distinction enhances bankability and positions the project as a strategic model for industrial decarbonisation in emerging markets.

Less than 3% of the global seaborne iron ore supply meets direct reduction (DR) quality standards, yet demand is accelerating. A 109 Mtpa shortfall in DRI supply is forecast by 2031, driven by the 337 Mtpa of new Electric Arc Furnace (EAF) capacity currently under development. With its DR-grade resource and integrated HBI strategy, Brazil Iron offers a direct solution to the global shift toward low-emission steelmaking.

“I’m extremely pleased with the outstanding work delivered by our geological and technical teams. This resource update reflects both the scale of the opportunity and the disciplined execution behind our growth. Brazil Iron is making exceptional progress, and we remain fully committed to delivering a world-leading, low-carbon HBI platform that supports the steel industry’s transition. It’s a strong endorsement of our strategy and the team’s capability.”
— Guy Saxton, President, Brazil Iron

About Brazil Iron

Brazil Iron is a private iron ore developer focused on building a world-class integrated mine-to-HBI operation in Bahia State, Brazil. The Company’s flagship Projeto Ferro Verde hosts one of the world’s largest undeveloped high-grade iron ore resources with 1.7 billion tonnes NI 43-101 compliant.

With access to renewable power, proximity to logistics infrastructure, and growing global demand for green steel, Brazil Iron is positioned to become a leading supplier of premium, low-carbon HBI to international markets.

For more information, visit: www.braziliron.com.br